Selling an apartment is slightly different from selling a house. Without extra preparation and due diligence, it can be easy to become overwhelmed by the process which can end up with you not getting the price you are hoping for.
Some of the major factors that will influence the successful sale of your apartment include the location of the property, the size of your apartment, its condition, and the price.
In this blog, we’ll show you the steps needed to sell your apartment – and fast! Keep reading to find out how to prepare your apartment for sale.
1. Find the right agent
If you want to sell your apartment quickly and have a better chance of getting a great price for it, you need the right real estate agent.
Getting the right real estate agent means that they have an intimate knowledge of your location and may already have connections in the area. They will also be able to price your apartment correctly and know how to highlight its strengths as well as market it to the right people.
There are some other pros to getting a real estate agent for your apartment resale:
It saves you time and moneyAn agent can take charge of the negotiation processThey can guide you through all the legal jargonThey can make recommendations to help increase your sale priceIt’s also important to find an agent who specialises in apartment/unit sales because they understand the current selling conditions and can choose the right time for you to sell based on past and current trends.
2. Style your property for sale
In this red-hot market, you need to make your apartment stand out from the rest. Statistically, home buyers will emotionally attach themselves to a home within the first few minutes of viewing the property. This means you need to do everything to style your property in a way that it compels people to buy it.
Whether it’s improving the curb appeal, strategically placing scented candles or indoor plants in a room, or placing furniture in a way that makes the apartment look bigger, styling your apartment for sale is something that shouldn’t be skipped. Most real estate agents will provide a home styling service or give you ideas on how to best style your apartment to maximise the chances of selling.
By styling your apartment, you’re making it appear more attractive and inviting on the property listing as well as when it comes time for inspection.
3. Make minor fixes
Prior to putting your apartment up for sale, you should consider whether there’s anything that needs to be fixed beforehand. While you can sell your apartment as-is, and still get a good price for it, making minor changes can improve your chances of a fast sale. Potential homebuyers appreciate it when they don’t have to do anything to make your apartment liveable. They can move straight in. So, take a look around and make note of any potential fixes you can make. For example:
Replacing old carpet/flooringGiving the apartment a fresh paint jobReplacing light fixturesFixing a leaky faucet or squeaky doorSteam cleaning carpetsBeautifying the entryway4. Get professional photos and videos
Nowadays, an online listing is crucial if you want to maximise your buyer pool and get a great price for your apartment. Listing on a real estate website allows you to show your apartment in the best light. This is where professional photos and walkthrough videos come in.
Adding high-quality photos of your apartment along with a professional video walkthrough will make your apartment stand out from the rest. Potential buyers can inspect your property without even physically visiting it. In fact, nearly one-third of prospective buyers surveyed in a national poll revealed that they would take the risk of buying a property without physically inspecting it.
These chances of selling increases if your property is in a high-demand location with a high number of property investors looking for investment opportunities such as within the Perth and WA housing market.
5. Consider vacating
As apartments are generally small spaces, it will help your chances of selling if you vacate prior to listing. It’s hard for potential homebuyers to visualise living in your property if it’s filled with your personal belongings and furniture. The apartment will look larger with minimal or no furniture in it as well. That way, potential buyers are working with a clean slate. If, for example, they’re viewing your listing online, they can visualise where they will put their own belongings and furniture.
Conclusion
Selling an apartment or unit requires a unique approach. When it comes time to sell your property, do not leave anything to chance. Instead, find an agent who specialises in selling apartments and who can help you to stage and market your property in a way that will attract buyers. Remember, the speed of which you sell your apartment and the price that you get will largely depend on your location, the condition of the apartment and your asking price. If you’re in an in-demand housing market, you may see faster results. Otherwise, with help from your agent, you can expect the right offers to eventually come rolling in; giving you the results that you want. It’s a big decision to sell your apartment, so we hope this article has helped you in preparation!
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